Thank you for applying for a Blockchain-Backed LoanTM. One of our loan specialists is reviewing your submission and will reach out with offered loan terms and next steps. Due to the rollout of our product launch, there may be a waiting period.

Jan. 8 update — in the community Telegram channel, one of SALT’s employees posted the following clarification to the loan conditions. While SALT can be used to repay principal and interest, early repayment is not possible, which limits the profitability of the arbitrage trade. Tomorrow, we will publish a retrospective on the events of the past couple weeks and what the arbitrage opportunity is like with this additional information.

“There has been a lot of questions regarding the use of SALT to repay principal and interest. When we announced this option it was always stated with the clear message that there would be limitations and conditions, and terms of each would be finalized at the origination of each loan. At this time, one of those limitations is the early repayment of a loan. This means that you can repay 100% of your loan’s monthly payments of principal and interest with SALT. This is subject to change, but we intend to keep this going into perpetuity. The ability to repay ANY portion of the principal is something that was announced for the first time when we launched, and we are glad to be able to add this use for SALT for our community.”

So the best you could do would be 12 months @ 10% and would require locking up ~3.5 BTC for a $10,000 loan. You should pay $550 in interest. $10,550 total with SALT valued at $27.50 would require 383.64 SALT, plus 1 SALT for the membership and 0.5 SALT to transfer from Bittrex to Salt. Current ask on Bittrex is around $13.60, making the total cost of the $10,000 loan $5237.90. Not accounting for any BTC transfer fees. Make $4762 in 12 months by locking up $50k worth of BTC. That's like getting a 9.5% return on your idle BTC, plus the BTC is likely to increase in value over that 12 months.

This is assuming you get 100% of your BTC back. I don't see anything suggesting otherwise.

You get a loan for $1k, or any amount in multiples. You immediately take the distributed amount and buy as many salt as needed to make the monthly payments. Right now that would be 40 SALT, counting 10% interest, at a cost of approximately $600. Pocket the other $400 or spend it or do what you want.

No matter what the BTC does you will have your SALT to make the payment. Theoretically SALT will not ever lose its value or go down. But, it may and likely will rise. Say it goes to $30 or even up to $50 or $100 during the course of your loan. You now have $400 in free cash plus bonus leftover SALT that has a pretty good value.

It isn't an overnight boom, except for the $400, that is immediate cash in you pocket. Yes you have to lock up about $16,670, but that is still yours gaining value as BTC rises. Which makes you become a hodler. Then as SALT retail rises you can unload some if you want for immediate cash or trade.

The year is off to a fast start - here are some of the highlights from the first full week of 2018!

SALT continues to roll out our platform at a careful pace and security remains our primary focus. As new members and loan requests continue to expand, so do the jurisdictions in which we are serving loans. Thank you for helping us create the future of lending!

The SALT Lending team has grown significantly over the past few months. As we continue to pick up the pace on our product rollout, these recent additions to the company roster will be vital to improving the speed and quality of our platform, product and organization.

Improved Identity Verification

Responding to community feedback regarding the lackluster speed of ID verification, we are pleased to announce our improved identity verification system. After much labor and testing by the SALT Development team, a solution has been built and its performance is superb. The platform update is now live. While the upgrade may require some of our existing members to re-submit their ID for re-verification, the great news is that members can expect approval in minutes!

When uploading your ID, optimize the process and adhere to the following:- The photo is high resolution (make sure that file size is not over 8 MB) and not blurry.- The flash is turned off. Also, make sure that there isn't a natural glare when taking the photo.

Platform Tally

65,267 Active Members $39,190,000 in Funded LoansAs you login to your account, you may encounter our new Master Loan Agreement. Please note that no action is required on your part until the origination of your loan. Feel free to contact support@saltlending.com with any questions.

The author is correct in his analysis of SALT, but selling out is a mistake. SALT has kinda stalled right now. However, there are a bunch of people that want to "cash out" their gains with a loan. The taxes on their gains will be enormous.

The Crypto-economy needs lenders.

SALT offers a margin loan with high interest rates and a high loan to value rate. The price of the SALT coin makes the loan very attractive.

I don't think that Erik Voorhees (Shape Shift CEO) would be on the board of directors if SALT was a scam.

Thank you for applying with SALT Lending! Unfortunately, due to our current lending constraints, we are not able to service you at this time. However, we are working diligently to expand our ability to service members globally. We anticipate the announcement of multiple new lending jurisdictions soon. Please stay tuned for updates through our newsletter and social media announcements.

In order to expedite your request, once jurisdictionally approved, please simply reply to this email and let us know if we need to update any of the following:Desired AmountLocationFunding type: Consumer or CommercialIf there are any other issues you would like addressed, please don’t hesitate to contact us.